Introduction to Marxist Economic Theory

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A concise presentation of the basic principles of political economy.
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A concise presentation of the basic principles of political economy.
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Product Details

  • ISBN-13: 9780873483155
  • Publisher: Pathfinder Press GA
  • Publication date: 1/1/1973
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 78
  • Sales rank: 708,273
  • Product dimensions: 5.27 (w) x 8.29 (h) x 0.28 (d)

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Sort by: Showing all of 3 Customer Reviews
  • Anonymous

    Posted December 23, 2003

    Workers make the best students of economics

    Many of us have heard the boss accuse us or other workers of ¿stealing from the company¿ by taking an unauthorized break. We suspect that this reasoning is bogus, but how can we describe it from a scientific point of view? This is one of the questions that Marx took up and that Mandel summarizes very succinctly in this book. Why does the boss come out the winner when workers have to work overtime or when so-called labor saving devices are introduced into the workplace? This is another question that Mandel analyzes simply and accurately. In fact, Mandel provides an authoritative outline of Marxist economic theory, from the labor theory of value to what causes worldwide unemployment, depression, and war. Reading this book will help you become a more conscious fighter for our class.

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  • Anonymous

    Posted December 26, 2003

    How the system really works

    Workers are the ones who produce value. Bosses produce essentially nothing. The profits that bosses make are stolen from the workers This is a central insight of Marxist economics that this book does a good job of explaining. It also has an interesting discussion of ¿neo-capitalism¿ which is the form of capitalism that arose after World War II--capitalism that needed massive government intervention to survive. Mandel shows how war spending allows capitalism to avoid major depressions and how social programs blunt the effects of economic crisis on the workers, and thereby postpone revolutionary situations. It¿s especially interesting to read this book now, thirty years after it was written, since it makes a point of saying that the post-World War II prosperity would not last forever. It didn¿t and we¿ve now entered a period of history where world economic depression, the rise of fascist movements, and attacks on social programs like welfare, social security, unemployment compensation, etc. are the norm. Mandel¿s book helps make sense of this miserable system so that we can chart a way forward to destroy it.

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  • Anonymous

    Posted January 2, 2004

    Laboring Masses v. Ruling Classes

    A remarkable little book that breaks down and makes crystal clear complex terms: surplus labor, necessary labor, necessary product, surplus product, surplus value, use value, exchange value, commodities, law of value, labor thorory of value, etc. See how despite huge differences in social systems from slavery to feudalism to capitalism, a key fundamental is consistent: most of the value produced by toilers is ceeded to a parasitic ruling class. According to the author, that will change only when the laboring masses ourselves become the ruling class. Read this introduction and then read Marx's Wage Labor and Capitol as well as his Value, Price and Profit.

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